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| Edited By: |Source: PTI |Updated: Mar 17, 2018, 06:32 AM IST
Both the precious metals, silver and gold prices rose in the national capital today on brisk buying by stockists and jewellers to encash on the ongoing marriage season, amid firming global trends.
While silver spurted by Rs300 to Rs44,300 per kg on increased offtake by industrial units, gold added Rs50 to Rs20,630 per 10 grams on local demand.
Trading sentiments for gold bolstered after it gained in overseas markets as concerns that the European sovereign-debt crisis may linger, raising demand for precious metals as a alternate investment.
Gold in international markets, which normally sets a price trend on the domestic front, climbed 0.2% to $1,364.93 an ounce.
On the domestic front, silver ready surged by Rs300 to Rs44,300 per kg and weekly-based delivery by Rs180 to Rs43,980 per kg. However, silver coins lacked necessary buying support at prevailing higher levels and lost Rs100 to Rs50,400 for buying and Rs50,500 for selling of 100 pieces.
Similarly, gold of 99.9 and 99.5% purity strengthened by Rs50 each to Rs20,630 and Rs20,510 per 10 grams, respectively. The metal had gained Rs45 in the previous session.
Meanwhile, sovereign continued to be asked around previous level of Rs16,900 per piece of eight grams in limited deals.
